Originally posted by jaden101
I love the fact that any company or organisation that dares make a profit in the recession is an evil tyrannical regime. Despite the fact that you actually need companies to make profit to get out of recession.
Originally posted by RocasAtoll
I like how you forget that the Federal Reserve is making money because of the collapse.
Why? Because they had the sense to invest in securities and buy up debt from the US government in the hope that the economy wouldn't get worse. It was a big risk and now that those debts are more secure then they're getting money back.
So no...They bought up the debt AFTER the collapse. Restructed the debt to allow a more viable repayment of it and so did a large amount to combat the collapse. The debts it bought up could quite as easily have stayed as bad and unpayable debt.
Originally posted by Robtard
Call me a conspiracy theorist, but I have a feeling the risk they took when buying debt wasn't really a risk, I think they knew exactly how it would turn out before going in.
Obviously they knew that the economy would recover eventually. It always does. Sitting on bad debt for any length of time would be hugely detrimental to any company/organisation. The risk they took was betting on how long it would take for a recovery to come.